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Scania, Setra, Tata Motors holds a significant market share of 15% in Intercity buses industry. These manufacturers are renowned for producing intercity buses of exceptional quality, offering reliability, comfort, and superior performance. Their extensive global presence and well-established distribution networks enable them to effectively reach customers in key regions worldwide. With manufacturing facilities, sales offices, and service centers strategically located, they provide comprehensive support throughout the bus lifecycle, enhancing customer satisfaction and loyalty.
Their commitment to sustainability and the adoption of eco-friendly technologies aligns with evolving environmental regulations and consumer preferences, further strengthening their competitive position.
Major companies operating in the intercity buses industry are:
The market size of intercity buses reached USD 76 billion in 2023 and will grow at over 8% CAGR between 2024 and 2032, led by the growing road infrastructure development across the cities.
The motor coach bus type segment held will hold over 69% of the market share by 2032, owing to its larger interiors, more comfortable seats, and features, such as Wi-Fi, power outlets.
Asia Pacific intercity buses industry generated USD 45.1 billion in revenue in 2023, due to growing urbanization and environmental concerns.
Alexander Dennis, King Long, Motor Coach Industries (MCI), Prevost, Scania, Setra, Tata Motors, Van Hool, and VDL Bus & Coach among others.